Red Sea Shipping Crisis Persists, Forcing Continued Cape of Good Hope Diversions

World Shipping Council / Regional Insights · Jul 01, 2026 00:00

The Red Sea shipping crisis continues to force major carriers to reroute vessels around the Cape of Good Hope, adding 10-14 days to Asia-Europe voyages. Despite a US-Iran ceasefire, the security environment remains volatile, solidifying systemic supply chain constraints and elevated freight costs.